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Technology Stocks : WCOM
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To: Jacob Snyder who wrote (7448)9/5/2000 8:17:12 PM
From: A.L. Reagan  Read Replies (1) of 11568
 
Correct me if my math is wrong, Jacob, but it seems today's decline in market cap for WCOM was around 50% greater than the $6B purchase price for Intermedia.

I.e. WCOM would have been better off taking $6 billion cash and running it through a shredder? Say what?

Seems like this company is damned if it does, damned if it doesn't...

(In seriousness, suppose some of the action was arbitrage plays, the logic for which at present escapes me.)
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